LPT/BTC Possible break out from falling wedge
Hello
Falling wedge ( lines 1 and 2) is nicely forming in the lower zone of the up trend chanel (lines 3 and 4) which increases probability of breaking up.
Also investors from 14th July (red arrow at high volume) will definitely try to defend their positions - grey rectangle (range 0.000526 - 0.000573 BTC) which also increases probability of breaking up
As long as price is above trend line 4 we should see continuation of the up trend marked by lines 3 and 4.
If one day candle closes below trend line 4 we can expect more decline in the price.
Just an idea, thumbs up if you like it and thumbs down if you don't.
Falling wedge ( lines 1 and 2) is nicely forming in the lower zone of the up trend chanel (lines 3 and 4) which increases probability of breaking up.
Also investors from 14th July (red arrow at high volume) will definitely try to defend their positions - grey rectangle (range 0.000526 - 0.000573 BTC) which also increases probability of breaking up
As long as price is above trend line 4 we should see continuation of the up trend marked by lines 3 and 4.
If one day candle closes below trend line 4 we can expect more decline in the price.
Just an idea, thumbs up if you like it and thumbs down if you don't.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.